Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: Federal: Gross Investment: Intellectual Property Products: Research and Development
Y061RZ2A224NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.06
Year-over-Year Change
-185.71%
Date Range
1/1/1930 - 1/1/2024
Summary
This economic trend measures the contribution of federal government investment in research and development to the overall change in real government consumption and investment. It provides insight into the government's role in driving innovation and economic growth.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: Federal: Gross Investment: Intellectual Property Products: Research and Development series tracks the impact of federal R&D spending on total government economic activity. It is used by policymakers and analysts to assess the government's investment in scientific and technological advancement.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This metric is relevant for understanding the government's role in fostering innovation and its impact on the broader economy.
Key Facts
- Federal R&D spending accounts for over 40% of total U.S. R&D investment.
- The U.S. government is the largest single funder of basic research in the country.
- R&D investments have been shown to generate significant returns for the economy.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the contribution of federal government investment in research and development (R&D) to the overall change in real government consumption and investment.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the government's role in driving innovation and economic growth through its R&D spending, which is crucial information for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: This metric is relevant for understanding the government's role in fostering innovation and its impact on the broader economy, which is of interest to policymakers, economists, and market analysts.
Q: Are there update delays or limitations?
A: The data is published quarterly with the National Income and Product Accounts, so there may be a short delay in availability compared to some other economic indicators.
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Citation
U.S. Bureau of Economic Analysis, Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: Federal: Gross Investment: Intellectual Property Products: Research and Development (Y061RZ2A224NBEA), retrieved from FRED.